Comment deleted by Site Moderator
So many tims warned that the man is a bam of the highest order.
He does have a brass neck, I'll give him that. But if it really goes tats up, he'll need to watch his back.
its gobsmacking tbh. Its gettin harder and harder to see a way out for rangers. They have sold merchandising to jjb an ticketus have their season ticket money and they hav nothing from europe this year. Were are they going to get money from?
Extract from Darrell King interview with Craig Whyte – June 2011
“Contrary to a report elsewhere this week, no form has been signed that would allow season-ticket money to be used as a guarantee against any FUTURE loans; indeed, the form lodged at Companies House by RFCG last month does the opposite: it prevents season-ticket money from being used for that purpose."
The 'report' Whyte refers to is the rangerstaxcase blog which told everyone months ago that the season ticket revenue had been sold.
The issue was also raised in the court action pursued by the former Chief Executive, Martin Bain, against Rangers Football Club PLC:- June/July 2011
“As a result of concerns about tax liability and liability for wrongful trading (Rangers FC’s) Board of Directors prior to the takeover by Mr Whyte were making arrangements with the defender’s bankers to ring fence the subscriptions from season ticket holders to guard against those sums of money being lost in the event of there being a substantial tax liability. It is understood Mr Whyte has not ring-fenced those monies collected from season ticket holders. What is more it is understood Mr Whyte has arranged for the defender to assign its season ticket income for the next four years to a London based finance company in exchange for cash flow at the present time.”
Cheers for filling us in guys.
Got anything else?
daryll king must be rippin it
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Craig Whyte's Spent all the Housekeeping...
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posted on 31/1/12
Comment deleted by Site Moderator
posted on 31/1/12
So many tims warned that the man is a bam of the highest order.
He does have a brass neck, I'll give him that. But if it really goes tats up, he'll need to watch his back.
posted on 31/1/12
its gobsmacking tbh. Its gettin harder and harder to see a way out for rangers. They have sold merchandising to jjb an ticketus have their season ticket money and they hav nothing from europe this year. Were are they going to get money from?
posted on 31/1/12
Extract from Darrell King interview with Craig Whyte – June 2011
“Contrary to a report elsewhere this week, no form has been signed that would allow season-ticket money to be used as a guarantee against any FUTURE loans; indeed, the form lodged at Companies House by RFCG last month does the opposite: it prevents season-ticket money from being used for that purpose."
The 'report' Whyte refers to is the rangerstaxcase blog which told everyone months ago that the season ticket revenue had been sold.
posted on 31/1/12
The issue was also raised in the court action pursued by the former Chief Executive, Martin Bain, against Rangers Football Club PLC:- June/July 2011
“As a result of concerns about tax liability and liability for wrongful trading (Rangers FC’s) Board of Directors prior to the takeover by Mr Whyte were making arrangements with the defender’s bankers to ring fence the subscriptions from season ticket holders to guard against those sums of money being lost in the event of there being a substantial tax liability. It is understood Mr Whyte has not ring-fenced those monies collected from season ticket holders. What is more it is understood Mr Whyte has arranged for the defender to assign its season ticket income for the next four years to a London based finance company in exchange for cash flow at the present time.”
posted on 31/1/12
Cheers for filling us in guys.
Got anything else?
posted on 31/1/12
daryll king must be rippin it
Page 1 of 1